G Account and payment allocations

• 19/02/2025
• 1 minute to read

Business Value

Enhances payment processing by enabling tax and social security allocation, ensuring compliance with country-specific financial regulations.

Feature Details

This feature enables the allocation of payments into distinct categories, such as taxes, social security costs, and service fees. In countries like the Netherlands, legal and regulatory requirements mandate the separation of these payment components when compensating (sub-)contractors. By introducing new payment allocation entries, this update allows users to distribute amounts based on predefined rules, ensuring seamless direction of funds to the appropriate recipient accounts.